BUZZ-Australian gold stocks rise as bullion prices hit record high

Reuters
04 Feb
BUZZ-Australian gold stocks rise as bullion prices hit record high

** Australian gold stocks .AXGD up 0.5% in early trade, after it closed 0.9% lower in the previous session

** Sub-index hit its highest level since Oct. 30

** Gold prices hit an all-time high, as investors flocked to the safe-haven metal after U.S. President Donald Trump's new tariff plan added to concerns of inflation that would dent economic growth GOL/

** Predictive Discovery PDI.AX rose as much as 9.4% to its highest level since Oct. 30 after it said China's Zijin Mining & the Lundin family would acquire stake in co

** Gold miner Pantoro PNR.AX advanced as much as 9.1%

** Sub-index up 14.8% YTD

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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